KARACHI: Ecopack Limited, a leading manufacturer of PET bottles and preforms, has announced the approval of a 2.03-megawatt (MW) solar power generation project at its production facility—marking a major step in its shift toward sustainable energy.
In a notice to the Pakistan Stock Exchange (PSX) on Monday, the company confirmed its Board of Directors had approved capital expenditure (CAPEX) for the acquisition of 3.63 acres of land, alongside the installation of the solar power system.
The project aligns with Ecopack’s long-term strategy to reduce its carbon footprint and enhance energy efficiency amid rising fuel costs and energy shortages.
“This decision underscores our commitment to sustainability and cost-effective energy solutions,” the company stated in compliance with Section 96 of the Securities Act, 2015, and PSX regulations.
Ecopack serves Pakistan’s beverage and liquid packaging industry and has increasingly prioritized green practices. Its solar initiative reflects a broader trend in Pakistan’s energy sector, where solar adoption has accelerated significantly. As of March 2025, the country’s net-metering capacity surged to 2,813 MW, according to the Pakistan Economic Survey 2024–25.
While the 2025–26 federal budget introduced an 18% sales tax on imported solar panels to promote local manufacturing, the government later reduced the rate to 10% following industry feedback.
Industry analysts view Ecopack’s move as a signal of growing corporate engagement in renewable energy, enhancing resilience and sustainability in Pakistan’s industrial landscape.
